Common use of Funding Advances Clause in Contracts

Funding Advances. On each Advance Date, each Related Group shall, not later than 2:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Lenders in each Related Group in the manner set forth in, and shall be subject to the terms of, Section 2.01(a). The failure of the Lenders in any Related Group to fund such Related Group’s Applicable Advance Percentage of any such Advance shall not excuse the Lenders in any other Related Group from funding such other Related Group’s Applicable Advance Percentage of such Advance; provided, that no Lender in any Related Group shall be responsible for the failure of any Lender in any other Related Group to fund any Advance.

Funding Advances. On each Advance Date, each Related Group shall, not later than 2:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Lenders in each Related Group in the manner set forth in, and shall be subject to the terms of, Section 2.01(a). The failure of the Lenders in any Related Group to fund such Related Group’s Applicable Advance Percentage of any such Advance shall not excuse the Lenders in any other Related Group from funding such other Related Group’s Applicable Advance Percentage of such Advance; provided, that no Lender in any Related Group shall be responsible for the failure of any Lender in any other Related Group to fund any Advance.. * Confidential Treatment Requested